BenchmarkStoneX reiterates $270 Coinbase target after stock and options product push

Coinbase said at a Tuesday event that it will roll out stock and crypto options trading, 1:1-backed tokenized U.S. equities, and tools to move existing stock portfolios onto its platform as it pursues an “everything exchange.” The company also outlined additions including borrowing against staked Solana and other consumer and derivatives features. BenchmarkStoneX reiterated a $270 price target for COIN on Wednesday, about 60% above Tuesday’s close above $169, according to Managing Director and Senior Research Analyst Mark Palmer.